MFS Investment Grade Municipal Trust to Issue Monthly Dividend of $0.03 (NYSE:CXH)

MFS Investment Grade Municipal Trust (NYSE:CXH) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Tuesday, January 14th will be paid a dividend of 0.0265 per share on Friday, January 31st. This represents a $0.32 annualized dividend and a yield of 4.03%. The ex-dividend date is Tuesday, January 14th.

MFS Investment Grade Municipal Trust Price Performance

Shares of NYSE CXH opened at $7.90 on Friday. MFS Investment Grade Municipal Trust has a 12-month low of $7.30 and a 12-month high of $8.36. The company’s fifty day simple moving average is $8.09 and its 200 day simple moving average is $8.08.

About MFS Investment Grade Municipal Trust

MFS Investment Grade Municipal is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.